Tag: exchange

EURUSD. When?

Pelle

Pretty good data on new home sales in the US, which grew by 3.5%, could not lead to the strengthening of the dollar against the euro. This preliminary data on the index of business activity were neutral, so that they could not affect the market. Moreover, the market simply ignored the report of the American Petroleum Institute, which indicated to reduce stocks of crude oil and petroleum products by 8.3 million barrels, which, however, had no effect on the cost of oil. The reason for the incredible stability of the…

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LSE shareholders approved a merger with Deutsche Boerse

Pelle

On Monday, shareholders of London Stock Exchange Group Plc (LSEG), the operator of the London Stock Exchange (LSE), almost unanimously (99.89%) have approved a merger with Deutsche Boerse AG. The merger would create Europe’s largest securities market operator securities with a market capitalization of more than $ 27 billion. However, there remains uncertainty associated with the position of European Regulators in relation to the merger of two leading stock market operators. Thus, Berlin has insisted that after the decision of the British withdrawal from the European Union (Brexit) the headquarters…

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Oil prices are beginning to stabilize – Minister of Saudi Arabia

Pelle

The global oil market is moving towards equilibrium, and oil prices are beginning to stabilize, said Saudi Oil Minister Khalid Al Fatih. According to the Saudi news agency SPA, the Minister held a meeting with the new Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo, to discuss the role of OPEC in maintaining the stability of the oil market. According to Khalid Al-Fatiha, Saudi Arabia with the help of OPEC is committed to continue to play an important role in providing the world’s growing demand for…

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Australia’s trade deficit increased in May

Pelle

In May, Australia’s trade balance deficit widened to A $ 2.22 billion, against $ A1.79 billion in April, said the Australian Bureau of Statistics, while analysts had expected that it will be $ A1.7 billion. Exports rose by 1.0% and imports – by 2.0%. Retail sales gained 0.2% in May, while economists were expecting 0.3% gain. Meanwhile, April’s increase was revised down to 0.1% from 0.2%.

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The Bank of England will cut interest rates to zero – TDS

Pelle

Analysts TDS believe that after the results of the referendum in the UK the Bank of England will cut interest rates to zero: “We expect that the UK will enter a short and shallow recession like as increased uncertainty from the victory in the referendum on the exit from the EU will have an impact on the demand for both households and firms. While the exchange rate will help to neutralize part by weakening exports, this gain will be limited. Inflation will rise to above 3% y / y by…

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